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The Shubert Organization Acquires Property At 22903 Lyden Dr Estero For $7.19M From Brightwork Real Estate

Property Image
SOLD
$7,190,000

Florida

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Retail12,174 SF
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Property Image
SOLD

The Shubert Organization Acquires Property At 22903 Lyden Dr Estero For $7.19M From Brightwork Real Estate

22903 Lyden Dr, Estero, FL, 33928

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Retail12,174 SF
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Summary

FLORIDA
Asset Type:Retail
Price Per Square Foot:$590
Total Square Footage:12,174 SF
Transaction Type:Sale

The property located at 22903 Lyden Dr, Estero, FL, 33928, was sold for $7,190,000.00. This asset features a total square footage of 12,174 and is situated in the Estero market.

Summary of transaction details:

  • Property Type: Sale
  • Transaction Amount: $7,190,000.00
  • Address: 22903 Lyden Dr, Estero, FL, 33928
  • Market: Estero
  • Seller: Brightwork Real Estate
  • Buyer: The Shubert Organization
  • Seller's Representative: Doug Aronson - Calkain Co.

This transaction involved notable parties including the seller, Brightwork Real Estate, and the buyer, The Shubert Organization. Doug Aronson from Calkain Co. represented the seller in this deal, facilitating the process for Brightwork Real Estate.

Players

Doug Aronson
1 deal$7.2M volume(757) 287-1490
BROKER

SRS Real Estate Partners
BROKERAGE

NorthMarq
BROKERAGE


Details

SOLD
IMAGE: 22903 Lyden Dr, Estero, FL, 33928 MARKET: Estero SELLER'S REP: Doug Aronson -Calkain Co. BUYER: The Shubert Organization SELLER: Brightwork Real Estate PRICE: $7,190,000.00 SF: 12174

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$383,466.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$25,544.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,084.27
Annual Debt Service$409,011.22